Jul 30, 2019

French outsourcing and IT services giant, Atos, has entered into exclusive negotiations to acquire European cybersecurity vendor IDnomic. The vendor, formerly known as OpenTrust, creates digital identities for individuals and objects such as networks and devices via its Public Key Infrastructure (PKI) solutions. Atos hope that IDnomic's PKI expertise will complement its own cybersecurity capabilities and also enhance its offerings in key areas. The target company has specialist offerings in IoT, security and access management, identity and data protection. IDnomic is the commercial brand name of Keynectis SA. The company is headquartered in Paris and employs 110 staff. Atos was recently boosted by first half financials highlighting encouraging, organic growth in continental Europe and an increase in total revenues of 1% (see: Encouraging signs as evolution continues at Atos ). The addition of IDnomic looks like a sensible move and should further enhance Atos’ reputation within the cybersecurity space. The transaction is expected to be completed in the second half of 2019, subject to information the normal consultations and regulatory approvals.